Index Fund Investor

[Index Fund Investor @sheldon6600]

@MarkMcGrathCFP @LegacyPathCA Thanks for clarifying, still not touching it lol.

[Index Fund Investor @sheldon6600]

@MarkMcGrathCFP @LegacyPathCA You lost me with HEQL. Anything that says enhanced means leverage, which hasn’t seemed to enhance anything.

[Index Fund Investor @sheldon6600]

@MarkMcGrathCFP Super, Average, Below Average, Can’t watch, and don’t even think about looking?

[Index Fund Investor @sheldon6600]

@MarkMcGrathCFP That lifetime TFSA contribution is 🔥

[Index Fund Investor @sheldon6600]

@MarkMcGrathCFP You don’t get rich without taking on an incredible amount of risk Mark. If all my money wasn’t down 90% in options I would be buying this 😂

[Index Fund Investor @sheldon6600]

@MarkMcGrathCFP I didn’t even open up this thread, but I know it will be related to options in some way lol.

[Index Fund Investor @sheldon6600]

@MarcNixon24 I’m a hardcore conservative and I’m willing to give the guy a chance. Innocent until proven guilty.

[Index Fund Investor @sheldon6600]

@MarkMcGrathCFP

[Index Fund Investor @sheldon6600]

This is what true wealth looks like, it's not measured by material things, but by health, love, and time with those who matter most. The financial industry is losing one of the good ones, but for all the right reasons. Best of luck in your new adventure @MarkMcGrathCFP

[Mark McGrath @MarkMcGrathCFP]

Financial planning is about more than spreadsheets, retirement projections, and optimal portfolios.

At its core, it's about helping people find and fund a good life.

And a "good life" means different things to each of us.

So today, I resigned from PWL.

Over the past 18 months, my wife Denise and I have had many honest, reflective conversations about what that means for our family, and we came to a few conclusions:

1. We want to prioritize time over money
2. We want more slow mornings, unstructured time with our kids, and shared experiences
3. We want full agency over our calendars to say "yes" when it matters and "no" when it doesn't

Through these conversations, we arrived at a crossroads.

To live our good life, I would need to resign from my role at PWL and semi-retire.

And so, effective April 30th, I am resigning and entering the world of semi-retirement.

This was not a decision made lightly, quickly, or easily. I love this work and have loved being part of PWL. I joined the firm because I shared its values, mission, philosophy, and unwavering goal of improving the lives of its clients.

That hasn't changed.

In my 15 years in the industry, I've seen the good, the bad, and the ugly. I've met hundreds of advisors working across dozens of firms. I've seen the incredible positive impact of sound, unbiased financial advice on people's well-being.

Unfortunately, I've also seen how destructive it can be when our industry doesn't put people's needs first.

PWL represents the best of the industry. The fact that so much talent exists in one place is no accident. Every week, I talk to advisors around the country who want to learn more about PWL's story so they can emulate it.

This is a testament to the vision and execution of the people here and their success in building not just a company but a community.

I will continue to wholeheartedly recommend PWL to those needing full-service financial planning and investment advice. My mom will remain a client, and I've told Denise that if anything ever happens to me, her first call (after family, of course) should be to PWL.

This decision was entirely personal and was not influenced by PWL's recent sale to OneDigital.

Our family's conversations about finding and funding a good life began long before OneDigital and PWL started their discussions. I know how deeply PWL cares about their mission and values, and I am excited to watch, from the sidelines, how PWL and OneDigital continue to evolve and exceed the expectations of their clients and the industry.

My friend @benjaminfelix's paper, Finding and Funding a Good Life, was a key factor in this journey. It is a life-planning framework that integrates influential research on happiness and well-being.

Here are a few of my most important takeaways:

1. Experiences > Things: We quickly adapt to material goods, but meaningful experiences stay with us regardless of their cost.

2. Time > Money: Prioritizing time over money leads to greater happiness, better relationships, and more profound life satisfaction.

3. Regret: The most enduring regrets in life are about inaction, especially regarding health, relationships, and alternative choices we might have made.

4. Connection: Close relationships are among the strongest predictors of well-being over a lifetime.

I encourage you to read it and consider your own definition of a "good life."

https://t.co/pnyRixHMRP

This decision was also prompted by my own experiences that reminded me just how fleeting and fragile life can be:

- My father passing away just 18 months into his retirement
- News of a high school friend who passed away unexpectedly in his 30s
- A young, healthy, and fit friend going through a health challenge
- A visualization my friend @LooniesAndSense built, showing how little free time we truly have left with our children: https://t.co/tbzl1qezPW

Life is short and precious, and we never know how many healthy days we have left.

[Index Fund Investor @sheldon6600]

@MarkMcGrathCFP You can always be a full time advisor again once your kids are teenagers and don’t like you for a couple years lol.

[Index Fund Investor @sheldon6600]

@MarkMcGrathCFP Thankfully someone finally said this. The amount of people thinking they should be doing something other than adding money is out of control.

[Morgan Housel @morganhousel]

For most investors: 99% of good investing is doing nothing, the other 1% is how you behave when the world is going crazy.

[Index Fund Investor @sheldon6600]

@MarkMcGrathCFP She gone

[Index Fund Investor @sheldon6600]

@MarkMcGrathCFP It’s not wrong lol. A little aggressive but very accurate.

[Index Fund Investor @sheldon6600]

@David_Moscrop I could do it and we have a single income of less than $100,000 a year. I sacrificed when I was younger though and work hard.

[Index Fund Investor @sheldon6600]

@MarkMcGrathCFP More could afford it if they practiced a little self restraint lol. We are a single income family and I work two jobs just so we can max out our TFSA’s every year.

[Index Fund Investor @sheldon6600]

@FP_Collective_ @MarkMcGrathCFP This information is amazing! I will need it in only 10 years from now lol. Hopefully they don’t change the rules.

[Index Fund Investor @sheldon6600]

@MarkMcGrathCFP Great post! There are probably more, but they will be saying the same thing in a different way.

[Index Fund Investor @sheldon6600]

@MarkMcGrathCFP I currently invest solely in fully diversified ETFs, but I wanted to take a moment to acknowledge ZLB. It has delivered impressive returns, and my only concern is the higher MER of 0.39%. Overall, it's been a great option for those seeking more Canadian exposure.